Orange (OTCMKTS:ORANY) Reaches New 1-Year High - Here's Why

Key Points

• Orange's stock reached a new 52-week high of $15.90 before ending the trading day at $15.81, showing a notable increase from the previous close of $15.24.
• Analysts have mixed opinions on the stock, with Berenberg Bank upgrading it to a "strong-buy" rating, while Wall Street Zen has downgraded it from "buy" to "hold".
• Orange recently declared a $0.37 per share dividend paid on June 20, resulting in a substantial yield of 407.0%.

Orange (OTCMKTS:ORANY - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as $15.90 and last traded at $15.81, with a volume of 15112 shares changing hands. The stock had previously closed at $15.24.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group upgraded Orange from a "strong sell" rating to a "hold" rating in a research note on Thursday, July 31st. Berenberg Bank raised Orange to a "strong-buy" rating in a research report on Thursday, June 26th. Finally, Wall Street Zen downgraded Orange from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th.

Orange Trading Up 0.4%

The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average price of $15.06.

Orange Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, June 3rd were issued a $0.37 dividend. This represents a yield of 407.0%. The ex-dividend date was Monday, June 2nd.

Orange Company Profile

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. It operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; International Carriers & Shared Services; and Mobile Financial Services segments.